The chance of blow is an old one. Indian mobile telecommunications companies have all the logic and feelings to each other. India is the fastest developing country in the mobile market. Basic services are almost equal and prices are sharply equal, and mobile telecommunications companies need continuous innovation to keep market share and market quality management in order to survive or enter the market. Innovation is key to Indian mobile telecommunications companies. Innovation or Innovation of Offered Services

Indian Payment Systems

A secure and efficient payment system would allow the movement of money and economic activity. This is the primary purpose of any global payment system. The increase in the number of payment systems, the greater involvement of financial institutions in the financial market, the recent financial crisis has been at the center of public policy. Over the last few years, Indian policy makers, especially the economic and technological front, have taken bold, but cautious steps. Carefulness at the time of the recent crisis has resulted in the fruit produced by isolation

Today, there is a positive struggle between policy-makers and the market to move faster to the economy; payment systems are constantly refined and improved with new payment systems. The days of manual cleaning have passed. Today, customers choose a lot of payment systems from paper transactions to paperless transactions, from netting to gross settlement, from T + 3 to real-time settlement. Say. Speed ​​Clearing, Electronic Clearing Systems (Credit & Debit), National Electronic Money Transfer, Real Time Gross Settlement, Internet Banking

RBI's Payment Visions document lists the safety, security, reliability and efficiency of Hármas-S and E. Payment systems in India reflect online payment and high-value payments, both on a paper and electronic basis.

In the global market, we have followed different types of payment systems both paper-based and electronically. Variety of structural and transport channels is varied. Ownership of the systems depends on central banks, financial institutions, and separate organizations owned by financial institutions. While high-end and capitalized payments managed by RTGS and ECS (Credit and Debit), this refund is required. Consumers and bankers continue to depend on paper-based transactions

The retail payment system:

The potential and growth of the retail payment system encouraged RBI to operate the system with approved service providers and bank institutions. Due to the proliferation of many players in payment systems, the central bank is concerned about allowing non-financial corporations access to the Retail Payments System. The legal structure of electronic funds that detects shortcomings makes the central bank and policy makers more complex. The traditionally perceived and secure method is transfer or transfer. Such transfers via bank are electronically, but not necessarily banks. A liberalized economic policy encouraged non-banking companies to enter the Retail Payments Market.

Retail Payments System includes high volume and low-average transactions between individuals and businesses, as well as between individuals and individuals. Cash payments apply to one or more of the following:

• purchase of services and goods

• Utility account payment

• Transfer of person-to-person

• Cash withdrawal

The aforementioned payments are made electronically, primarily through debit and credit cards and to some extent through the Netbanking service offered by the banking institutions. With a huge increase in the number of ATMs and technology developments, paper-based transactions in the electronic retail payment system exceeded both paper and paper transactions

. But that's just the best part of the system. A deeper analysis may reveal that the electronic retail payment system in India is strongly biased towards the urban population. 72% increase in rural population in the dark for banking services. Recently, the vice-governor regretted that only 31,000 villages of Lakh villagers serve the bank. It is intrinsically opposed to the sophisticated banking services available to urban India.

Despite the opportunities available to the retail payment system, the consumer must still go to the ATM or hit the Internet button on the computer screen. The underrepresented extra mile to the bank branch.

Indian Telecommunication Industry

The 3rd largest telecommunications network and the second largest wireless connection, India is the fastest growing market in the world, is expected to reach one billion connections by 2015, currently with 525 million connections (Dec. 2009), 47.89% teledensity value. Looking at the background of the population of 1.15 billion, the penetration between mobile and geographic layers is enormous. Growth is deep in the rural market, at present 30% of the national figure. The purchasing power of rural India has grown steadily and is a potential market for the telecommunications industry. Implementing a country-wide basic infrastructure and various welfare measures, the rural market is waiting. Some marketing lessons can be learned on the FMCG market.

Great Indian game

The penetration of mobile phones is related to the inequality between the country-urban and rural areas as well as the services offered to the public, and this is a market opportunity for the Indian telecommunications industry. The power of the mobile phone is still underfinanced in the financial sphere, although there has been tremendous improvement on the entertainment and Internet front. The indigenous Indian population consists of mobile and money transfer. Money market players and hawala operators are living with non-bank financing companies over this technology and mobile money transfer masters.

The government only needs legal frameworks and intentions to grant approval for the existing system. In order to grow the economy faster, RBI must disappear from its colonial culture and incorporate technology as citizens have embraced. After all the democratic government is and for the people.

Mobile money transfer

A new service is created with the mobile operator and the customer on a financial platform.

It will not be long until the mobile service provides a money transfer service. Welcome to the Mobile Money Transfer World. A service that allows customers to transfer money from one place to another location without their mobile, without financial intermediaries

Telecom companies are already knowing how to handle large accounts with one of the largest customer base. Almost 80% of consumers have a Rs.500 / – monthly average monthly transaction, and mobile operators have a constantly upgraded technology that, like the retail payment system, handles a large number of low value deals. Nowadays, economic operators are mature in their business and clearly reflect their willingness to be financial traders.

It's interesting to note that service providers already handle customer money using prepaid SIM cards. These cards are stored value cards that represent a cash consideration. The cash value stored on the card will be used when the subscriber uses the mobile phone. Provider and customer must provide regulatory freedom to use stored value for any purpose, but certain services are available late

Money transfer via mobile is quite simple. In the first days of mobile services, pre-paid mobile SIM cards were uploaded by scratch cards to the user. With the development of technology, mobile consumers can be downloaded electronically to a third party without the consumer visiting the merchant. Simply a single mobile phone can be charged remotely. The uploaded value is used by the customer for a certain period of time, ie the mobile service provider provides a service for a certain period of time for the money that the consumer places on the mobile deposit.

Service providers already run a large network of stores and franchises. This network may be a challenge for banking networks for intrusion and customer service. The mobile network and retail stores deeper deeper than banks.

Ethics

Challenges for providing such services are as scary to mobile operators. Our financial system developed for a period of strict discipline and regulatory control. Even in the worst times of the financial crisis, our financial system did not or just beat a bit, basically because of strong discipline and supervision. This discipline has involved our financial services from their birth. On the other hand, mobile phone operators know that rules and rules violate their business expansion. The discipline needed for financial transactions is difficult to teach mobile operators.

In the spirit of competitiveness, mobile companies need to standardize compatibility and interoperability. Standardization should address consumer privacy and security issues. The advantage of the first actor must be neutralized by the government by introducing the necessary regulatory reforms.

Although mobile payments currently lack legal status as legal tender for all ethical reasons that mobile companies need to treat as legal tender and pay back promises

Most importantly, mobile operators need to create a system in which mobile money payment and transfer system is not used for hawala operations and anti-social elements. Regulatory authorities may repeat the banking control process when the system is abused.